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Finance & Markets

Crunch Fitness Seeks to Borrow $800 Million From ABS Bond Sale

Crunch Fitness is looking to raise about $800 million from a bond sale backed by the company’s franchise revenue, adding to a string of companies tapping the whole-business securitization market in recent weeks.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Brazil Central Bank Chief Won’t Signal Rates

Gabriel Galípolo says the bank will not preview its next Selic move, yet keeps rates tight as inflation forecasts drift above target.

  • Gabriel Galípolo, Central Bank chief, avoided signaling future rate decisions
  • Selic rate at 13.75%, no guidance on rate movements forthcoming
  • Factors like supply shocks and El Niño impact current economic conditions

Rebounding AI stocks lift Wall Street

NEW YORK — A rebound for stocks in the artificial intelligence industry is lifting the U.S. market on Wednesday. The S&P 500 rose 1.6 percent and was on track for a third gain in four days since its…

Burnham Heads to COP31 Torn Between Cheaper Power and Net Zero

Andy Burnham will face difficult decisions on energy policy against the competing pressures of sky-high industrial costs and Labour’s net zero commitments.

  • Burnham must decide between cheaper power and net zero commitments
  • Chancellor prioritizes domestic energy costs over clean power
  • Gas field project raises questions about climate goals

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